I think that it resumed its downmove after the break under the resistance channel again.
Comments
jangseohee
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if stock continues to go up... gold got to settle for 1220, channel bottom which coincide with IHS neck line support i believe
tradingview.com/v/I5bmt2s5/
motleifaul
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I prefer a target of abt 1240 which has ben the hight in December.
jangseohee
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ok
motleifaul
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I am taking the profit now as gold has reached its target zone(fair ellipse). It was good notto work with a stop in this case, As I said, gold has been behaving very erratically in the past days. And my experience has shown that the price made its way after one ore more retests of the opposite direction only. Same was with the dollar. But finally I have been right and could turn my view into money.
tradingview.com/v/I5bmt2s5/